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Pop Co. buys 30% of voting stock of Son Co. Pop receives $7,000 as dividends from Son, the entry: (A) cash debit and investment in
Pop Co. buys 30% of voting stock of Son Co. Pop receives $7,000 as dividends from Son, the entry: (A) cash debit and investment in Son credit. B investment in Son debit and dividends credit. None of the other answers. D cash debit and dividends income credit. Son Corp. issues 20,000 shares of its $20 par value common stock for Pop Corp. Son's stock is valued at $30 per share (in thousands), then the entry is A Investment in Pop Corp debit 600,000, Common stock credit 400,000 and Additional paid-in- capital credit 200,000. B Common stock debit 400,000 and Additional paid-in-capital debit 200,000 and Investment in Pop Corp credit 600,000 (c Investment in Pop Corp debit 600,000, Common stock credit 200,000 and Additional paid-in- capital credit 400,000. None of the other answers
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